Schmidt Group Updates | April 2025

Top MedTech Happenings

Medtech stocks sink in trade war
As FDA slashes workforce, number of new medical devices reaching the public has fallen
Johnson & Johnson expects $400M in tariff costs this year
Exclusive: Australian medical device company Compumedics listed on ransomware leak site
‘Chaos’ in the biotech market has dampened hopes of a rebound. What does that mean for dealmaking and IPOs?
Hackers could access medical equipment and pose a threat to lives, Northeastern cybersecurity expert tells Congress
SANA Investors Have Opportunity to Lead Sana Biotechnology, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Third Harmonic’s song to end as biotech looks to liquidate, sell off urticaria drug

The LSI USA 2025 was a remarkable Medtech/Medical Device summit that included over 1,000 executives, “….from emerging companies, venture capital and private equity firms, family offices, global strategics, professional service providers, and more.” I had close to 60 individual meetings with CEO’s, investors, current clients, and entrepreneurs. It was a powerful and positive week. The future for our industry is surely a bright one!

Neal Hightower and Tony Anzolone, VP Global Sales at Cordis

Neal Hightower with Tony DePasqua, CEO at EnClear Therapies

Top Talent Seeking Opportunities

Seeking: IT Commercial Roles

YOY Triple-digit growth.
Secured multimillion-dollar SaaS contracts, including a $7M deal, demonstrating mastery of complex sales processes and high-value deal negotiations.
Extensive expertise in healthcare IT integration, with successful launches of HER interoperability solutions and AI-enhanced technologies tailored for operational efficiencies.
Recognition for leadership and mentoring, with awards such as Mentor of the Year, and a proven track record of coaching teams to achieve outstanding results.

Seeking: Commercial Leadership Position

A proven and results-driven commercial executive, this dynamic Vice President of Sales brings 20+ years of success leading high-growth medical device organizations—from Fortune 500 leaders to disruptive startups.

He has achieved sales quotas in 23 of 24 years, earned 13 promotions, and developed 15 President’s Club winners, demonstrating a rare ability to lead from the front while building top-tier talent. His leadership has directly fueled transformational growth, including scaling a start-up from $500K to a $140M M&A, growing sales channels from $70M to $200M, and generating $250M+ in revenue through 23 GPO/IDN agreements since 2018.

If you wish to speak to either of these candidates, call Neal at 985-789-0490 or use the link below to schedule a meeting!

Schedule a Call with Neal

"One of the distributor teams you introduced us to did their first case this weekend, and they did beautifully. They have been active for less than a week and are already out there getting cases on the board."

- A Current Orthopedic Trauma Client

At this point, over 100 manufacturers have used our flat rate recruitment program to find qualified, independent distributors to represent their products; to learn more, click here.

1099 Recruiting Solutions: Medical Device

Red kidney beans are as ubiquitous a symbol of New Orleans as the fleur-de-lis, a rite as common as Carnival. The city’s culinary connection to the lowly red bean is mighty, stretching over centuries, across distant cultures and peoples around the globe. The bean is so symbolic of the city that a newcomer, or culinary dilettante, could be fooled into thinking that the red kidney bean was native to Louisiana, which it is not.

No one knows for sure why and how New Orleanians began to eat red beans and rice, though it’s believed to have traveled over with exiles from the French Caribbean. “Red beans are to New Orleans what the white bean is to Boston and the cowpea is to South Carolina,” reporters for the Federal Writers Project wrote in 1938.

Monday is the day most often associated with the dish because the first day of the week was washing day, and the woman responsible for providing a household with a clean set of clothes was also obligated to feed the household that evening. Cleaning and cooking left little time and attention for both, so a pot of red beans was left on the stove, simmering throughout the day. Restaurants all across the south continue to offer red beans and rice as a Monday special.

Check out our source, CamelliaBrand.com for more recipe ideas and fascinating history!

Recipe:

1 tablespoon shortening, or as needed
1 white onion, chopped
1 green bell pepper, chopped
3 cloves garlic, chopped
8 cups water
1 pound dried red beans
1 smoked ham hock
1 pound smoked sausage, cut into bite-sized pieces

2 stalks celery, chopped
2 bay leaves
1 tablespoon Creole seasoning (such as Tony Chachere's®)
½ teaspoon dried thyme
½ teaspoon dried sage
1 dash hot pepper sauce (such as Tabasco®), or to taste (Optional)
3 cups cooked white rice

Instructions:

Melt shortening in a skillet over medium heat. Cook and stir onion, bell pepper, and garlic in hot shortening until tender, 5 to 7 minutes.

Combine water, red beans, and ham hock in a large pot; bring to a boil. Stir onion mixture into the pot; add smoked sausage and celery. Return to a boil. Stir bay leaves, Creole seasoning, thyme, and sage into boiling water. Reduce heat to low, cover the pot, and simmer until beans are tender, about 5 hours.

Remove and discard ham hock and bay leaves; stir in hot pepper sauce and serve over white rice.

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